More Evidence of Manipulation

[webmaster]

Subject:More Evidence of Manipulation
By: Theodore Butler

Overview: In truly free markets, there would normally be a balance between large buyers and sellers. In regulated futures markets, this is most often seen in the relative similar size of the largest longs and shorts in almost every market. In other words, the amount of long contracts held by the largest traders should be comparable to the corresponding amount of contracts held by the largest short traders. In fact, this is usually the case, as can be witnessed in the COTs. However, this is definitely not the case with silver and it is this aberration that is further evidence of manipulation. It is the dominant position of the large shorts in silver that accounts for their price control.

Link: http://news.silverseek.com/TedButler/1229965248.php

[Pax Awalup]

Ted Butler Never Had a Clue About Silver, Beginning in 2000. Here Are 5 Charts That Prove This -- A Warning to His Disciples, Who Have Lost Half Their Money So Far. - Gary North

http://www.garynorth.com/public/3996.cfm

[Richard]

Gary North, while I like his commentary most of the time, can be a sloppy-thinking, almost pompous idiot when he wants to be, especially if he thinks someone is attacking the free-market as if he were the guardian of it or something. This was one of his not-so-great moments. Silver should be in ratio gold between 1:5-1:15. What does that have to do with chart movements? If silver was valued at $ .00000000000000000000000000001 it would still move in synch with gold, but that doesn't mean it's properly valued.

Now, I'm not a follower of Ted Butler but the silver price IS lower than it should be. In another post I reiterated that when silver was demonitaized in most the world, it fell to a cheap price. I didn't understand why before, but here's what happened... Suppose the paper money supply was $100, gold supply one ounce and silver supply 10 ounces. $50 wold buy the gold ounce and $5 for each of the silver ounces. But if silver was no longer considered money, then it's price would fall to $1, for a "gold/silver" ratio of 1:100. Ie, the money supply upon it's demonitization gained artificial buying power to cheapen silver.

Ted Butler is barking up the wrong tree, but his premise is still correct.

[Holidaysilver]

I have not only not lost 50% by listening to Ted, neither have you.

Gary North assumes three things:

One,That the spot (Comex) price is the real price.

Two, that the Banks are innocent in this mess.

Three, that there is no short position in silver.

Let me address each of these assumptions.

ONE
Thanks to Ted's advice I bought most of my silver way before it hit $10.00 an ounce-spot. Back then there was a corellation between the real price and the spot price.

Today that is not true. I have only been using one dealer (Max) since I started buying. I used to pay 30 cents over spot. In the last few months Max has been asking more than $3.00 over spot. Last week I stopped in to see some gold he was offering, and Max was charging $6.00 over spot for silver-even for ten ounce bars!

Max had a lot of silver to sell, several hundred ounces which he just bought (apparantly from a Gary North reader) along with the gold he showed me. Max does not, however, know when he will be getting more.

So anyone who bought at $21.00 an ounce can count on it being worth at least $16.00. This is only about 25% less than the High we saw earlier this year.

TWO

Everyone knows that Bear Sterns went bye-bye. This cannot be disputed. Everyone also knows that J.P.Morgan got the assests of Bear for a song. Morgan also got the liabilities including Bears silver short position. That is where it came from, and the price manipulation followed through forced liquidation, and margin calls.

THREE

Ted Butler reports what the CFTC is reporting. Ted did not make this up. The shorts are there, they are manipulating the market, but nobody who holds physical silver has lost 50%.

In summary, I still have the first ounce of silver I bought following Ted's advice to buy and hold. You can't buy my silver for anything approaching $16.00 an ounce. You can't buy it for $50.00 an ounce.
Unlike Gary North, most people have real jobs. I don't need to take profits at anything south of $100.00 an ounce.

If you think of an ounce of silver as a share of stock, as Ted suggested in an earlier post, it has outperformed stock in Ford, GE, GM and a host of "Blue Chip" stocks. If you are in silver for quick profits I wish you luck, but I
will keep holding mine. My long term profits are assured.

[sunsetcliff]

experts can be like those who see the future. if they were real, they would do the profit for themself.

so in one regard- experts are merely part of the carnival show. expecially if they are on TV.

[JesterJay]

Sounds like he finally got one right???
So what? Doesn't make Ted wrong.
This dude is suffering from "Look at me!" syndrome.
So he called it. Great. What's next???
Ted has told us one thing. Gary says the opposite.
Who do YOU think is right? And why was Gary able to call the HUGE selloff???
Must be a friend of Nadler. After all, SOME are let in on the plans of the Crooksters.
J3$t3RJ@Y

Originally Posted by Pax Awalup

Ted Butler Never Had a Clue About Silver, Beginning in 2000. Here Are 5 Charts That Prove This -- A Warning to His Disciples, Who Have Lost Half Their Money So Far. - Gary North

http://www.garynorth.com/public/3996.cfm

[Lanc63]

Chairman Bart Chilton and Colleagues,

As a small private investor in precious metals, I have watched time after time as the CFTC has failed to live up to its charter as a regulatory body. Now it has gone too far.

The current situation is analogous to the police responding to reports of a bank robbery in progress by calling the robbers to let them know they are en-route to the scene, then helping them carry off the loot, directing traffic to allow for a clean getaway; all the while claiming to be investigating the allegation of robbery. Then, after the fact, going through linguistic contortions to show how taking money by force at gun point is only a crime if you are a private citizen and not another larger bank that is in context merely vigorously relocating assets and “creating their market”.

Your own published data is the evidence you claim to be seeking into manipulations of the gold and silver markets. Ignoring and obfuscating these blatant manipulations have sent a message to traders, miners, industrial users and investors the world round: The CFTC is now viewed by many as an accomplice in these frauds. This is damaging to our nation on many levels. As a citizen, I view you as personally complicit in these crimes.

By exerting the power of your office to assist in the consolidation of resources (financial, natural and human) for JP Morgan and friends (again) at the duress of the populous, you assure your own fate.

You are assisting in the destruction of our Republic for the dubious goal of setting the stage for one world government and monetary policy. YOU will be held accountable, not by the politically corrupt and morally bankrupt Justice Department, but by the angry mob of those who have been financially destroyed by your aggressive cowardice.

Naturally, you are compromised and are not allowed, or unwilling, to function in the capacity for which your office was designed. You are acting on behalf of your owners in the IMF, Central Banks, and federal Reserve. You do this to protect your status and illusory position of power. You must exert yourself to do the hard thing, the right thing, and prosecute the banks exerting illegal downward pressure on precious metals markets before the dollar is destroyed.

You have more than your job, power and wealth at stake. Look to history and see what has happened to those who have devalued their nation’s currency and looted its real capital, its citizens. Understand that this is the fate you are choosing when you ignore the escalating calls for justice long denied.

The breaking point is upon us. Do not fall for the rhetoric of politicians and the machinations of the power elite. Their time is ending. You and the CFTC have lost your legitimacy in the college of world opinion. You will not be able to save your “wealth” but you may be able to save your life and name for posterity. I suggest you invest in a whistle and start blowing it NOW if you hope to avoid the natural retribution for which your inaction calls.

The massive, unsupportable, short positions in the silver market have created the greatest disconnect between the paper and real price of silver IN RECORDED HISTORY. That is supposed to trigger action from the commission you chair. That you have failed to respond effectively can only mean that you are unable or unwilling to do your job.

The coming revolution in the world will not be underscored by intellectual dogmas of liberal and conservative think tanks. As modern methods of propaganda begin to lose hold against the natural catalyst of hunger, desperation and the enlightenment reality brings, the political pitch will be replaced by the pitchfork. The glow of television sets replaced by the torches of citizens. People who rely on the god that animates their hearts and minds and memories will define the future.

In as much as you exert yourselves to defend those set on the destruction of our sovereign state and households, through the devaluation/elimination of our currency, and therefore the "Good Faith and Credit" of the American people, you may be assured that those thus deprived are prepared to return your investment with phenomenal interest. Dividends payable only in "lump sum".

The value being destroyed by these manipulations is representative of our lives and we will defend them according to the mandates of our founding fathers (some my ancestors) and your REAL employers.
GET TO WORK!

Tired of official lies, double speak, cronies and cowards,



Woodrow Wilson's great grand nephew.